Forecast of movement of the pair USD/CAD (timeframe Daily)
As of February 10, 2014 22:00 GMT couple is at 1.10295 at the resistance line uplink. Identified the figure rising channel, the figure is in the process of formation of correctional trend.
The most likely scenario: To complete the correction, the pair should decline to the level of 1.0415 with a strong trend to the level of 0.9932, the pair will turn around and go up continuing to its upward trend and target the level of 1.8868.
Chart…
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